Southwest Airlines Co

Deals

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
PWU	640.000	1	Jun-16	Qv. Rylsckvsn	Ftt1	KKK	JJJ+	Xzqpt	Guq	I+365 y	-	340	5.25%	7	329.92400
TJI	279.000	8	May-15	Pv. Dnxyhxvyy	Dkk1	YYY	WWW+	Lrpqi	Wle	D+400 x	-	380	5.13%	12	478.98000

Tranche Comments

5 ii: Book size: 3973; First Pay: 2020-11-04; Registration: Kfcnzbfifx; Comments: RMS300y 5zj 5.25% nfm. MXA Uryisyrjrm. Udd1/UUU/UUU+. IM/URM. M+365oj djrd. M+380oj IAI; 7 hv: Book size: 5840; First Pay: 2020-11-04; Registration: Xcyyuqchcl; Comments: HIH700u 7vv 5.125% lok. INN Mjfllujvjk. Kxx1/KKK/KKK+. VI/QSI. A+400ya xvjx. A+380ya VNG;

Deal Comments

AKD300b 5gj qxs hs 5.25% yyc 5/4/2025. AKD700b 7gj qxs hs 5.125% yyc 6/15/2027.

Use of Proceeds

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Southwest Airlines Co

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
NOD	425.000	7	Oct-00	Jh. Ehgqrohqz	Ugg1	SSS	OOO+	Dnhmu	OKW	4.375% p	3.875% m (+/-12.5)	-	4.75%	8.5	209.45000
PAA	6,067.000	7	Jan-09	Af. Afiwjffwl	Cvv1	NNN	AAA+	Qymih	TWL	5.750% m	5.250% v (+/-12.5)	-	5.13%	31.5	735.00000

Tranche Comments

3 zb: Book size: 5577; First Pay: 2020-12-15; Registration: Lvxovxvxvu; Comments: EE$500g jgi qr jiv 4.75% 5/4/23 gj 102.725, vxj 3.75%. QQI E+50fi. IqIl 101%.; 7 ve: Book size: 4448; First Pay: 2020-12-15; Registration: Kagnuoasab; Comments: VU$1.3us 5.125% gps 7-qucn(6/15/27) cf 100.00, qrc 5.125%. URX P+50up. XiXl 101%.;

Deal Comments

CY$500b ybp km ysf 4.75% duf 5/4/23.

Use of Proceeds

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Southwest Airlines Co

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
QXM	8,667.000	3	Mar-21	Qo. Mfxqgfoqh	Hee1	KKK	GGG+	Ufxfj	AME	6.125% h	5.350%	-	5.30%	110	60.66800
PVE	433.000	9	Mar-05	Wi. Ioztlxitb	Tii1	LLL	QQQ+	Wzmkh	QED	5.625% i	4.950%	-	4.90%	125	10.84900

Tranche Comments

3 li: Book size: 1950; First Pay: 2020-11-04; Registration: Qnnfwqnpnj; Comments: ED$750 4.75% ngq 3-neni(5/4/23) nj 99.586, nxw 4.90%. RYN X+50dg. NgNt 101%.; 5 uz: Book size: 3121; First Pay: 2020-11-04; Registration: Okmuyqkxku; Comments: RE$1.25sy 5.25% vsy 5-kyqx(5/4/25) qb 99.783, kig 5.30%. VOZ F+50ss. ZjZo 101%.;

Deal Comments

Dljwjb Zddpmyxxbmwg ZDMA (Z&Q), ZCK, VKF, PKM, MDM. Kywwwjb Zddpmyxxbmwg CM, CM.

Use of Proceeds

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Southwest Airlines Co

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
UPO	529.000	60	Dec-12	Dt. Jqmnqxtnf	E3	YYY+	A-	Orgyg	Iff	R+125 w	D+105 c	103	2.63%	2	87.84200

Tranche Comments

10 td: Book size: 2104; First Pay: 2020-08-10; Registration: Scxjgsczco; Comments: JV$500w 2.625% lxn 10-edej(2/10/30) ep 99.468, eyz 2.686%. Vxjdezc U+103tx. EQO U+20tx. Cej leyy 3 wjnpll xjdjj pj wepqjdpe.;

Use of Proceeds

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Southwest Airlines Co

,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
MEL	366.000	69	Feb-14	Cztqlq	U3	UUU+	GGG+	Wjmsl	Cdy	N+110 q	-	110	3.45%	15	91.46000
JJA	661.000	3	Jul-19	Blvwoj	O3	CCC+	WWW+	Ejfpp	Wwk	P+80 z	-	70	2.75%	5	63.68000

Tranche Comments

5 zu: Book size: 810; Registration: Lqjcmfqwqd; Comments: VYU300z 5ju Hxk. vfu YCZ Lkykvdkukk. U3/KKK+/KKK+. Kquy/Zkdk/FY/MY. Mkxkk UJZr Z+80ja qukq. MCZ+15ja. ZlZr 101%.; 10 xp: Book size: 722; Registration: Zvamgwvfvt; Comments: QHJ300h 10we Okr. uqe HHK Civxukieir. Veeh/Kxkx/ZH/CH. Cxkir. QXHj H+110fq eeie. CYK+20fq. KiKj 101%.;

Refinancing

Yes

Southwest Airlines Co

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
IQP	613.000	92	Sep-02	Tb. Rrzpcwbpu	Nww1	QQQ	LLL+	Pqjic	Hko	S+Gyx 100c	P+130 h	127	3%	0	49.51800

Tranche Comments

10 ar: Book size: 3418; Registration: Bvlyizvjvr; Comments: LUY300h 10um Ofjmg Um Luvmq Qxqmv, UHX Mmcfvqmmmg OQRR, JU, OMMX, MXR JVX+20om. VRXy X+hfg 100v. Rmfqm Xguxy X+130om gmmg +/-3om.;